Bomgar has acquired privileged access management (PAM) solutions provider BeyondTrust for an undisclosed sum, the two companies confirmed Thursday morning. The transaction is expected to close next month.

The the combined company, to be called BeyondTrust, will be led by Bomgar CEO Matt Dircks.

BeyondTrust offers PowerBroker, a PAM platform that protects organizations against cyberattacks across endpoint, server, cloud and network device environments, the company indicated.

BeyondTrust’s PAM solutions are used by more than 4,000 customers globally, including more than half of the Fortune 100. Also, BeyondTrust offers a partner program that enables MSSPs and other solution providers to leverage the company’s BeyondInsight IT Risk Management Platform for PAM, vulnerability management or both.

Global privileged identity management market revenues are expected to increase at a compound annual growth rate (CAGR) of 32.7 percent between 2016 and 2021, according to industry analyst MarketsandMarkets. These revenues also could surpass $3.7 billion by 2021.

Bomgar Buys Avecto, Lieberman Software

The BeyondTrust addition is Bomgar’s third acquisition this year.

Bomgar in July acquired endpoint privilege management firm Avecto. With the Avecto acquisition, IT administrators and support professionals can use Bomgar’s Remote Support solution to manage privileged access to desktops and workstations with minimal user interruption, the company stated.

Bomgar is a Francisco Partners company that provides PAM solutions designed to safeguard privileged credentials, sessions and endpoints. The company’s PAM solutions currently are used by more than 16,000 customers worldwide.